MBGYY Stock Recent News

Mercedes-Benz has signed a new agreement with Luminar Technologies to develop and integrate its latest lidar product, Luminar's CEO said, shifting from a supply deal for its currently available sensors.

Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an "equitable solution" to create a level-playing field for China-made electric vehicles in Europe.

The auto industry is in distress but not extreme distress; stable companies with low valuations like Toyota, Honda, and Li Auto are likely to outperform. Despite recent selloffs, markets remain richly priced; value investing may now have a chance to redeem itself, especially in distressed industries. Established automakers face declining margins and sales, while newer EV manufacturers see rising sales but flat or negative profits.

German carmaker Mercedes-Benz unveiled on Tuesday a new all-electric luxury limousine segment it called "Vision V" which it said marked the expansion of the top end of its vans portfolio.

CNBC's Phil LeBeau with Mercedes-Benz CEO Dimitris Psillakis, join 'Closing Bell' to discuss the impact of auto tariffs, unveiling of the new CLA and pricing.

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz is announcing a leadership transition in its North American operations. Effective July 1, Adam Chamberlain will become CEO of Mercedes-Benz USA (MBUSA) as well as Head of Marketing and Sales, Mercedes-Benz Cars North America. He will succeed Dimitris Psillakis, who will transition into the role of Senior Strategic Adviser. “We're excited to welcome Adam back to Mercedes-Benz. Adam is a proven executive with over 30 years of global automotive experience in.

Needham analyst Quinn Bolton initiated coverage on Valens Semiconductor VLN with a Buy rating and a price target of $4 Friday. The stock gained after the report.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Mercedes-Benz will end production of its Citan and T-class models, the Automobilwoche news outlet reported on Friday citing a document informing dealers about the decision.

German carmaker Mercedes-Benz said on Monday its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe.